Steel Fibers Trends and Forecast
The future of the global steel fibers market looks promising with opportunities in the concrete reinforcement, composite reinforcement, and refractories markets. The global steel fibers market is expected to reach an estimated $3.06 billion by 2030 with a CAGR of 3.8% from 2024 to 2030. The major drivers for this market are rising infrastructure development facilitated by supportive government policies and escalating demand for high-performance material.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Steel Fibers by Segment
The study includes a forecast for the global steel fibers by type, manufacturing process, application, and region.
Steel Fibers Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Hooked
• Straight
• Deformed
• Crimped
• Others
Steel Fibers Market by Manufacturing Process [Shipment Analysis by Value from 2018 to 2030]:
• Cut Wire/Cold Drawn
• Slit Sheet
• Melt Extract
• Mill Extract
• Modified Cold Drawn Wire
Steel Fibers Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Concrete Reinforcement
• Composite Reinforcement
• Refractories
• Others
Steel Fibers Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Steel Fibers Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies steel fibers companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the steel fibers companies profiled in this report include-
• Arcelor Mittal
• Bekaert
• Fibrometals
• Nippon Seisen
• Zhejiang Boean Metal Products
• Green Steel
• Spajic Doo
• Hunan Sunshine Steel Fiber
• Yuthian Zhitai
• R. STAT
Steel Fibers Market Insights
Lucintel forecasts that hooked will remain the largest segment over the forecast period.
Within this market, concrete reinforcement is expected to witness the highest growth.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Steel Fibers Market
Market Size Estimates: Steel fibers market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Steel fibers market size by type, manufacturing process, application, and region in terms of value ($B).
Regional Analysis: Steel fibers market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, manufacturing processes, applications, and regions for the steel fibers market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the steel fibers market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the steel fibers market size?
Answer: The global steel fibers market is expected to reach an estimated $3.06 billion by 2030.
Q2. What is the growth forecast for steel fibers market?
Answer: The global steel fibers market is expected to grow with a CAGR of 3.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the steel fibers market?
Answer: The major drivers for this market are rising infrastructure development facilitated by supportive government policies and escalating demand for high-performance material.
Q4. What are the major segments for steel fibers market?
Answer: The future of the steel fibers market looks promising with opportunities in the concrete reinforcement, composite reinforcement, and refractories markets.
Q5. Who are the key steel fibers market companies?
Answer: Some of the key steel fibers companies are as follows:
• Arcelor Mittal
• Bekaert
• Fibrometals
• Nippon Seisen
• Zhejiang Boean Metal Products
• Green Steel
• Spajic Doo
• Hunan Sunshine Steel Fiber
• Yuthian Zhitai
• R. STAT
Q6. Which steel fibers market segment will be the largest in future?
Answer: Lucintel forecasts that hooked will remain the largest segment over the forecast period.
Q7. In steel fibers market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the steel fibers market by type (hooked, straight, deformed, crimped, and others), manufacturing process (cut wire/cold drawn, slit sheet, melt extract, mill extract, and modified cold drawn wire), application (concrete reinforcement, composite reinforcement, refractories, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Steel Fibers Market, Steel Fibers Market Size, Steel Fibers Market Growth, Steel Fibers Market Analysis, Steel Fibers Market Report, Steel Fibers Market Share, Steel Fibers Market Trends, Steel Fibers Market Forecast, Steel Fibers Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.